Menora Mivtachim Training Fund Credit and Bond Track with up to 25% Equities

Data updated through August 2026

Investment policy — Specialist Managed Active — Credit and Bond Track

Fund details

Fund number: 9662
Track type: Credit and Bond Track
Savings type: Keren Hishtalmut (קרן השתלמות)
Managing institution: מנורה מבטחים פנסיה וגמל בע"מ
Inception date: 01/11/2015

Assets and exposures

Total assets managed in this fund (₪ millions): 1,470.66
Liquid-asset share: 73.00%
Total equity exposure: 0.18%
Foreign exposure: 28.94%
Foreign-currency exposure: 15.32%
Equity exposure from asset allocation: 2.19%
Standard deviation: 3.37%
Sharpe ratio: -0.02

Returns and management fees

Return in the last month: 0.55%
12-month return: 5.04%
36-month cumulative return: 14.6%
60-month cumulative return: 13.5%
Average annual return over the last 3 years: 4.63%
Average annual return over the last 5 years: 2.57%
Average management fees paid by fund members: 0.62%

Asset allocation

Asset allocation based on the reported data.

Asset details from the source

Asset type	Rate	Amount (₪ millions)
Tradable government bonds	35.84%	527.09
Tradable corporate bonds and bond ETFs	22.75%	334.55
Non-tradable corporate bonds	0.50%	7.32
Equities, options and equity ETFs	2.19%	32.18
Deposits	-0.73%	-10.74
Loans	11.50%	169.18
Cash and cash equivalents	1.89%	27.73
Mutual funds	1.74%	25.63
Other assets	24.32%	357.71

Asset allocation

The chart shows positive values only; the complete source data appears in the table.

Comparison in the Credit and Bond Track

The selected fund compared with other funds in the same category.

Table Chart

Show sector-specific funds

Showing 1–10 of 24 funds

Fund name	12 months	3 years	5 years	Rating	Management fees	Plan membership
Phoenix Training Fund Credit and Bond Trackהפניקס פנסיה וגמל בע"מ	4.31%	15.98%	14.83%		0.64%	Visit institution website
Altshuler Shaham Training Fund Credit and Bond Trackאלטשולר שחם גמל ופנסיה בע"מ	4.34%	14.88%	15.51%		0.66%	Visit institution website
Menora Mivtachim Training Fund Credit and Bond Track with up to 25% EquitiesSelected Fund · מנורה מבטחים פנסיה וגמל בע"מ	5.04%	14.55%	13.51%		0.62%	Visit institution website
Yelin Lapidot Training Fund Credit and Bond Trackילין לפידות ניהול קופות גמל בע"מ	5.10%	16.42%	18.93%		0.68%	Visit institution website
Harel Training Fund Credit and Bond Trackהראל פנסיה וגמל בע"מ	5.13%	16.98%	13.42%		0.60%	Visit institution website
Migdal Training Fund Credit and Bond Trackמגדל מקפת קרנות פנסיה וקופות גמל בע"מ	5.19%	17.12%	13.50%		0.56%	Visit institution website
Analyst Training Fund Credit and Bond Trackאנליסט קופות גמל בע"מ	5.64%	17.02%	14.27%		0.61%	Visit institution website
Meitav Training Fund Credit and Bond Trackמיטב גמל ופנסיה בע"מ	5.66%	18.78%	23.30%		0.59%	Visit institution website
Harel Training Fund Credit and Bond Track with up to 25% Equitiesהראל פנסיה וגמל בע"מ	5.83%	17.98%	20.43%		0.55%	Visit institution website
Phoenix Training Fund Credit and Bond Track with up to 25% Equitiesהפניקס פנסיה וגמל בע"מ	5.92%	21.91%	21.70%		0.63%	Visit institution website
Market average	6.46%	21.38%	21.61%	No data	0.59%

12-month return

Current comparison of displayed tracks against the market average

Selected trackTracks to compareMarket average

Menora Mivtachim Training Fund Credit and Bond Track with up to 25% Equities

Data updated through August 2026

Investment policy — Specialist Managed Active — Credit and Bond Track

Fund details

Fund number: 9662
Track type: Credit and Bond Track
Savings type: Keren Hishtalmut (קרן השתלמות)
Managing institution: מנורה מבטחים פנסיה וגמל בע"מ
Inception date: 01/11/2015

Assets and exposures

Total assets managed in this fund (₪ millions): 1,470.66
Liquid-asset share: 73.00%
Total equity exposure: 0.18%
Foreign exposure: 28.94%
Foreign-currency exposure: 15.32%
Equity exposure from asset allocation: 2.19%
Standard deviation: 3.37%
Sharpe ratio: -0.02

Returns and management fees

Return in the last month: 0.55%
12-month return: 5.04%
36-month cumulative return: 14.6%
60-month cumulative return: 13.5%
Average annual return over the last 3 years: 4.63%
Average annual return over the last 5 years: 2.57%
Average management fees paid by fund members: 0.62%

Asset allocation

Asset allocation based on the reported data.

Asset details from the source

Asset type	Rate	Amount (₪ millions)
Tradable government bonds	35.84%	527.09
Tradable corporate bonds and bond ETFs	22.75%	334.55
Non-tradable corporate bonds	0.50%	7.32
Equities, options and equity ETFs	2.19%	32.18
Deposits	-0.73%	-10.74
Loans	11.50%	169.18
Cash and cash equivalents	1.89%	27.73
Mutual funds	1.74%	25.63
Other assets	24.32%	357.71

Asset allocation

The chart shows positive values only; the complete source data appears in the table.

Comparison in the Credit and Bond Track

The selected fund compared with other funds in the same category.

Table Chart

Show sector-specific funds

Showing 1–10 of 24 funds

Fund name	12 months	3 years	5 years	Rating	Management fees	Plan membership
Phoenix Training Fund Credit and Bond Trackהפניקס פנסיה וגמל בע"מ	4.31%	15.98%	14.83%		0.64%	Visit institution website
Altshuler Shaham Training Fund Credit and Bond Trackאלטשולר שחם גמל ופנסיה בע"מ	4.34%	14.88%	15.51%		0.66%	Visit institution website
Menora Mivtachim Training Fund Credit and Bond Track with up to 25% EquitiesSelected Fund · מנורה מבטחים פנסיה וגמל בע"מ	5.04%	14.55%	13.51%		0.62%	Visit institution website
Yelin Lapidot Training Fund Credit and Bond Trackילין לפידות ניהול קופות גמל בע"מ	5.10%	16.42%	18.93%		0.68%	Visit institution website
Harel Training Fund Credit and Bond Trackהראל פנסיה וגמל בע"מ	5.13%	16.98%	13.42%		0.60%	Visit institution website
Migdal Training Fund Credit and Bond Trackמגדל מקפת קרנות פנסיה וקופות גמל בע"מ	5.19%	17.12%	13.50%		0.56%	Visit institution website
Analyst Training Fund Credit and Bond Trackאנליסט קופות גמל בע"מ	5.64%	17.02%	14.27%		0.61%	Visit institution website
Meitav Training Fund Credit and Bond Trackמיטב גמל ופנסיה בע"מ	5.66%	18.78%	23.30%		0.59%	Visit institution website
Harel Training Fund Credit and Bond Track with up to 25% Equitiesהראל פנסיה וגמל בע"מ	5.83%	17.98%	20.43%		0.55%	Visit institution website
Phoenix Training Fund Credit and Bond Track with up to 25% Equitiesהפניקס פנסיה וגמל בע"מ	5.92%	21.91%	21.70%		0.63%	Visit institution website
Market average	6.46%	21.38%	21.61%	No data	0.59%

12-month return

Current comparison of displayed tracks against the market average

Selected trackTracks to compareMarket average

Menora Mivtachim Training Fund Credit and Bond Track with up to 25% Equities

Fund details

Fund data

Assets and exposures

Returns and management fees

Asset allocation

Asset details from the source

Comparison in the Credit and Bond Track

12-month return

Menora Mivtachim Training Fund Credit and Bond Track with up to 25% Equities

Fund details

Fund data

Assets and exposures

Returns and management fees

Asset allocation

Asset details from the source

Comparison in the Credit and Bond Track

12-month return